Penalty for failure to furnish return imposes a daily monetary liability while the default continues under the return-filing rule. Penalty for failure to furnish return is imposed where an assessee does not file the return within the prescribed time; a continuing daily monetary sanction applies for each day the default persists as a compliance mechanism under the return-filing clause of the Bill.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for failure to furnish return imposes a daily monetary liability while the default continues under the return-filing rule.
Penalty for failure to furnish return is imposed where an assessee does not file the return within the prescribed time; a continuing daily monetary sanction applies for each day the default persists as a compliance mechanism under the return-filing clause of the Bill.
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